Fischler warns ministers over BSE

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Related tags: Euro

At a meeting of European agriculture ministers this week to discuss
the BSE crisis, Franz Fischler, the European Farm Commissioner,
warned that the situation...

At a meeting of European agriculture ministers this week to discuss the BSE crisis, Franz Fischler, the European Farm Commissioner, warned that the situation was "worse"​ than originally thought. Fishler told ministers that"The crisis on the beef market goes further than one might think."​ He said many countries outside the EU had banned beef from the Union, and a considerable backlog of beef production that should normally have taken place last year, was being carried over into this year. He warned forecasts of a 10 per cent drop in consumption for 2001, could be higher. So far there had been an EU-wide drop in consumption of 27 per cent. He said current measures, including the EU's EUR 875 million "purchase for destruction"​ scheme, which requires testing or destruction of cattle older than 30 months, could be financed under the 2000-2006 farm budget at least for this year, provided the drop in consumption was no more than 10%. However, he warned a steeper fall would lead to aid cuts in other agriculture sectors.

Related topics: Market Trends

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